Prices of this Electric Utility counter B F Utilities has rebounded smartly from the support of 30day EMA. Previous session they also overcame the hurdle of 970 (23.6% retracement) and closed above it. Aggressive participation with higher volume and MACD chart placed in bullish zone further reaffirms, strength prevailing here. Look to buy stock at CMP with a target price of 1350, which scrip is likely to achieve in a month's timeframe.
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